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Earnings Call

Steel Exchange India Earnings Call: Key Takeaways

SEIL delivered strong QoQ growth in Q4 FY26, driven by operational efficiencies and capacity ramp-ups. Management remains optimistic due to infrastructure demand and strategic investment from IMR Group.

Why this was an Alfa AlertManagement guides to doubling TMT volumes (100% growth) for FY27, exceeding the 50% growth threshold.
Highlights
Revenue growth19.45% QoQ growth; FY26 total income reached ₹1,066.42 crore.
MarginsEBITDA margins expanded sharply to 17.41% from 9.53% QoQ.
Demand visibilityStrong visibility from government infrastructure, railways, and defense housing.
Management confidenceHighly optimistic, buoyed by strategic partnership and infra demand.

Growth

Revenue grew 19.45% QoQ; EBITDA surged 118% QoQ, with margins expanding 788 bps to 17.41%.

Outlook

Targeting 70%+ capacity utilization and 2x TMT volumes for FY27; ₹300cr equity infusion from IMR Group pending.

Risks

High finance costs (₹17cr) persist despite debt reduction; steel price cyclicality and raw material volatility remain key concerns.

Source

Earnings Call filed with BSE, NSE: STEELXIND. Summary written with AI assistance from the document.

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Steel Exchange India Ltd: key numbers

Share price
₹11.29
Market cap
₹1,440 Cr
Revenue (annual)
₹1,059 Cr
Net profit (annual)
₹26.99 Cr
P/E (TTM)
45.3×Sector 19.0×
Promoter holding
49.67%-1.13% QoQ
FII holding
0.70%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Steel Exchange India Ltd

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10:51 IST BSE
Credit Rating

Steel Exchange India Credit Rating

Infomerics upgraded Steel Exchange India's credit ratings: NCDs and long-term bank facilities to IVR BBB+/Stable, short-term facilities to IVR A2. All three instruments received rating upgrades from prior levels.

17:58 IST NSE
Other Announcement

Steel Exchange India Other Announcement

Steel Exchange India Limited submitted its Monitoring Agency Report for the quarter ended June 30, 2026, confirming the utilization of its preferential issue proceeds.

09:33 IST BSE
Partnership

Steel Exchange India Partnership

Steel Exchange India signed a non-binding, four-year MoU with NMDC for potential iron ore fines supply from Visakhapatnam. The framework supports the company's integrated steel expansion plans.

Execution
4 years (primary term)
18:24 IST BSE
Debt & Borrowing

Steel Exchange India Debt & Borrowing: ₹1.54 Cr

Steel Exchange India Limited has made the payment of interest due on its Secured Non-Convertible Debentures on September 7, 2026.

Value
₹1.54 Cr
10:22 IST BSE
Production Started

Steel Exchange India Production Started

Steel Exchange India Limited achieved record monthly production of 24,823.509 MT of Re-Bars in August 2026. This follows the successful operationalisation of its new Reheating Furnace.

monthly production
24823.509 MT
11:31 IST NSE
Business Update

Steel Exchange India Business Update

Steel Exchange India Limited achieved record monthly production of 24,823.509 MT of Re-Bars in August 2026. This follows the successful commissioning of its new Reheating Furnace.

monthly production
24823.509 MT